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20121201
20121231
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Search Results 0 to 40 of about 41 (some duplicates have been removed)
of the main events of the task 12 months. >> in europe, it was all about the debt crisis. greece and spain were the worst hit. >> eventually, it was the european central bank's controversial bond-buying program that manage to come down the markets -- calm down the markets. >> germany's finance minister says he thinks the worst is behind us. is he right? >> the wildfires in 2012 were the worst spain had experienced in years, but it was not the only disaster the country had to deal with. the financial sector was also in flames. right from the beginning of the year, it was clear that the eurozone had a tough time ahead. credit rating agencies handed out significant downgrades to spain and portugal in particular. europe's firefighting coalition of finance ministers hoped a fiscal pact with tight budgetary controls and national debt breaks would need future crises in the bud, but some economists were more realistic. >> the fiscal pact was basically superfluous. we already knew that all the countries were trying to cut back. weather or not they continue making cuts in 2018, which is what the fis
, and luring russians to sunny spain. there is a real temperature contrast for us in europe. in the east, it is bitterly cold. in the west, it is milder. we're seeing a talk temperatures of around 11 or 12. the air is trying to push east on monday. we will see things turned slightly warmer. there is an intense area of what weather. it is piling up over the u.k.. that is why we have the flood warnings. you can see more clouds trying to make its way across europe. as the rain makes its way into the cold air, it is turning more wintry. we will see it turned to snow. behind it is where the milder air is. towards the northwest, the rain continues. for the u.k., it will still be very what -- it will still be very soggy. we're looking in the top temperature of around 19 degrees. there is likely to be more in the wake of clouds. there could be showers across libya and parts of egypt. green festival, only on link tv. >> welcome back. police in india have used water cannons to disperse crowds in new delhi. people have been on the streets for six days voicing anger over the gang rape of a young wom
small to view. i think what really bothers me is spain which i think clearly bothers the whole market. the question, a growth going to fall off a cliff or whether it muddle through and a bailout will be sufficient. as you say, we don't know the answer to that question. that remains the tail risk. until we do get close to a resolution, i'm not going to turn massively bullish. >> what's your view on that? >> i think i go along very much with what he's saying. >> what is your view on what happens to spanish growth? >> i think spain has a lot of problems at the moment. it's not seeing a lot in the domestic market. not seeing it move toward an export. in which case spanish growth is going to be very, very weak for some time to come. >> all right. good to see you. thanks very much. alan will stick around. time to bring you today's global markets report. let's go to asia for the update. >> that upbeat pmi data failed to lift greater china markets. there is pessimism over general lack of policy and also fears that over 800 companies lining up for ipos could further drain liquidity out of the
economies like spain -- >> good or bad surprise? >> no, a good surprise. whereas economies like spain, greece, portugal are likely to stay in recession for the whole year, i would argue there's a high probability that italy will come out of recession towards the end of the second quarter. >> and that seems to be the real concern that is in the market today, whether the political upheaval, even the campaigning by berlusconi could undo some of that progress. >> i think the key point is will the reform programs that have been initiated by the monte government, will they stay intact? i think there's a reasonable chance, they've had a more than reasonable chance that that is the case. yes, it's not surprising, we have the sell off today. it's inest knowledge that as the campaigning builds up, investors will be nervous.. the move by investors back into italian bonds over the next few months, we could see some exits. but i think if we get a sensible election results, and i think we probably will, then the reform program will be intact and the new government will stick to the budget that is g
's largely green behind me. the fits fits mib is atting .6%. the ibex in spain, up 0.8%. and the ftse up about 0.3%. now, some company-specific news this morning, fin mechanica saying shares up 2.4%. this on news they're set to buy sge-avio. safran is also a company considering that change. let's take a quick look at the bond space. we'll get a sense of the kind of trade we're seeing shaping up. it is consistent with flows into the periphery, perhaps out of the core and the risk on move generally that we're seeing this morning. yields up to 4.5 roughly in italy at about 5.4%, respectively. gilt is moving up towards is.9% this morning. the bund yield is still extremely low, so that spread between gilt and bund is widening. look at the euro/dollar. 1 1.3171. extraordinary. we're almost up at that 1.32 level. the dollar/yen is flat, right about 83.88. there we go. a little bit of movement there. the aussie lsh dollar is weaker. the aussie/dollar has been weakening. maybe the researchers of the yen not doing too much to spur sentiment. in any case, let's get the latest out of singapore. >> g
in the harder hit regions. ftse mib, spain up better than 1%. consistent with the rally we saw yesterday. remarkable. the xetra dax adding .1%. for its part, up to close to 30% this year. the ftse 100 adding .3. the bond space, we'll look at that and talk later about the big trades that have helped some hedge funds, for example, when it comes to greek debt. for the time being, mario's comments this summer is have techively kept the bond gleelds a tight range since then six months or so now, this is going. and differentiation across the space where italy price rising, not the case for spain which is seeing its yield up to 5.3. and i know we haven't mentioned this in a while, but i want to draw your attention here. the ten-year gild in the u.k., 1.957%. extraordinary. we're not off the 2% market in the spread, widening significantly. coming up on the program today, the count is set to get underway in south korea following general elections. we'll head to seoul to find out whether the country could elect its first female leader. >>> the bank of england releases minutes from its latest polic
a rotation into safety, out of risk and out of spain and italy. about 4.5% for italy. thin trading in markets is exacerbating the move that we're seeing as we approach the year. today, the austy dollar is weaker against the u.s. dollar by about .4%. proxy there for global growth prospects. the dollar/yen is weaker by about .25%. this as markets digest the news out of the boj and gauge whether they'll be successful in boosting inflation ultimately. the euro/dollar, 1.3221. so for trading in asia, just how japan, china and the rest have been affected by fiscal cliff news, diedra morris is join onning us with plenty more. hi. >> hey, kelly. it was a bit of a rude awaking. a lot of these indexes were on their way to gains and then we had the fiscal cliff setback. we had news that john boehner's plan b failed. this all turned red and this is where we ended. the nikkei 225 coming back from that huge rally that we have seen over the last five weeks shedding 1%. the exporters hurt here because the dollar/yen was lower. it has regained some ground in the last few hours or so. the kospi shedding about
concerned about france and spain than i am about italy. >> we'll talk about those. >> let me add asking. if italy is in this situation now, it relied on the easy way out. and politicians, including berlusconi, didn't have the foresight to see that. >> thank you so much for coming by. >>> staying at the eurozone, investors will be watching for anything coming from the italian crisis. the results of the spanish bond actions are due around 12:40 cst. hsbc was hit with a $1.9 billion fine. the ceo said we accept responsibility for our mistakes and are profoundly sorry for them. >> a full year loft loss of 4.7 billion euros, thinksen krup has more details. >> they are starting to look at the positive of what i would call a -- strategy, i.e., a clean sweep when it comes to the business strategy of thyssenkrupp as well as the instruct occur and the refocusing on being transparent and definitely being something shareholders should trust. so no dividends, jobs may go and the sale of celiamerica being looked at. the cfo says there's a handful of interested parties in that particular party of the
rigidly optimistic. >> >> columbine, virginia tech. >> celebrations in spain and commiseration. what it is like to be the only lottery loser in the village. >> welcome to the world's weather. across south america and you can see some very big showers going up to paraguay and into bolivia and also peru. we would like to see heavy rain during the course of sunday. the main concentration remained in northwestern part of brazil going toward ecuador. as you come southward of argentina, it is one are to showers likely. we might see some rain pushing up from the southwest during the latter part of the day. highs in santiago a route 29 degrees. in the caribbean is looking like a fine picture. we should see some showers coming into the northern coast. elsewhere in we've got scattered showers. further north is looking fine was sunny weather and highs of 23 degrees. in north america, at temperatures around 32 degrees. we have to weather systems moving in. this should make some really we go to our top stories. egyptians have less than two hours for the second and final round on a referendum on t
. >> it is a rare thing for you. hang around long enough, it will go your way. thanks for that. >> cheers. >>> spain. the treasury is setting up three, seven, and ten-year bonds. they're now pre-funding for 2013. we've got the results of that in around about 30 minutes. >>> and china and india secretary growth slowed in november. analysts say china and india's nonmanufacturing team expected to improve thanks to a hiring boost in the mainland as well as strong new orders in india. at the same time, china's new leadership, as we pointed out, has laid out some fresh directives. >> these are some pretty sweeping reforms making china's famously inefficient bureaucracy more efficient. it's an effort to "win the confidence and the support of the people" as public backlash rose against the special treatment of politicians. so a new list of dos and don't's for chinese leaders. on the do side, cut down on giving face. the art of extreme flattery or reverence, which results in some very long meetings and speeches. keep them short and cut down on the lavish feasts. he's also encouraging more travel to rural par
. and, of course, it is recognized. >> what's your view on spain? the country managed to avoid bailout so far, but will not meet its deficit target for the full year. do you think spain should be given more time? >> well, first of all, i think that, again, spain is going in the right direction. when you look at the current account, the deficit, you see that it had been diminished massively since the peak that they had in 2008, 2009. and, you know, as a very short summing up, it's been divided by more than five, though it's very, very encouraging. on the other hand, you have unit labor costs which have been diminishing quite a lot and the exports of spain are very dynamic today. so it also demonstrates that hard work is being done. it's difficult. it's tough, but going in the right direction. i trust that the global observers are observing progressively and the adjustment is proceed. in spain and in all the countries that are under adjustment. >> now, lonmin's ceo ian farmer is stepping down while being treated for a serious illness after being first admitted to hospital back in august.
. the ministers also talked about spain. they decided to provide up to nearly $40 billion euros. they're decision came after the bailout fund to sure up its constituti institutions. the nikkei average at 9,434. that's a loss of one-fourth of a percent. the dollar is slightly losing ground. dollar yen changing hands at 82.13 to 17. euro stands at 107.19 to 24. analysts say investors are selling the dollar following the release of u.s. manufacturing data. it was the lowest in almost three and a half years. more investors are showing interest in the weakening yen. taking a look at other markets, south korea's kospi is trading lower. let's take a look at australia. it's trading lower by almost a third of a percent. there's hope for floundering bas bas basic electronics firm sharp. the firm is expected to receive part of the that sum as early as this month. sharp is forecasting a record net loss for the current fiscal year of $5.5 billion. that's due to the slump in its main tv and crystal liquid sectors. strengthening its financials is essential if the firm will have hope for its business. the two co
. but europe is also finding that green jobs are not all they thought that there would be. spain has just stopped its subsidy for solar power. a solar power does not work in sunny spain it is probably not going to work anywhere. gerry has also stopped its subsidies for solar power. there are a lot of clouds in germany. but the un has had a very strong influence on less. >> po will not old enough to remember, but jimmy carter gave billions of dollars to up alternate energy projects. >> i do remember. i was of the people who had to wait in gas lines in the 1970's. >> to any of those plants still exist? i don't think it lasted more than a couple of years. secondly, are you familiar with another program where he gave money to build five different steel mills, four of went with -- board of which went bankrupt almost immediately and the fifth one put at a business the plan in kansas city in. >> well, jimmy carter's programs did not work then, as i mentioned, i remember waiting in the 1970's in gas lines for one or two hours to fill up with gasoline in the western d.c. area. and just as thes
. >> exactly. the jobless rate in spain, don, this year topped 25%, so many people are still struggling. that being said, though, spirits will -- were lifted, and many people had a reason to line their pockets. the lottery, it's the largest lottery in spain, and it's literally translates to the big fat one, elgordo, and spain paid out $2.2 billion to thousands of winners, and you have young children who read out the numbers, which we saw on the video before, and it's really - read out the numbers and it lifts a lot of spirits especially in a time where they have been hit with economic hardship. >> maybe that would help. >> winning the lottery. >> i watched "miracle on 34th street" except i don't like the colorized version. i like the black and white. bah humbug. don scrooge. sorry. maybe when dsanta comes i'll fel better. >>> a year ago he blew out a knee and his career was in jeopardy. now he's chasing an nfl record and one of the year's most inspiring comebacks. a sports story you have to hear about next. and then treats day after day... block the acid with prilosec otc and don't get
arabia and spain, with strong support from the vatican. the center's board includes three christians, three muslims, one jew, a buddhist and a hindu. some have opposed the project arguing that saudi arabia practices a radical form of islam. >>> there was backlash after the church of england's failure last week to approve a measure that would have allowed women to serve as bishops. the current archbishop of canterbury rowan williams and his newly named successor, justin welby, both expressed their disappointment. some british politicians have suggested the church should lose its tax-exempt status for violating antidiscrimination laws. church leaders meeting this week called resolving the issue of female bishops a "matter of urgency." >>> meanwhile, at the vatican last weekend, six new cardinals received their red hats, and for the first time in many years the group did not include any italians or other europeans. the new cardinals came from colombia, india, lebanon, nigeria, the philippines and the u.s. but the full college of cardinals remains heavily european. >>> charities, includi
a recovery occurring in the eurozone, nkts look forward to 2014 and beyond. >> spain? >> for sure. >> when? >> probably in the second quarter. >> that's an interesting idea, all at once. david owens from jeffries, thank you so much for stopping by. >>> straight ahead, economic policies for next year and what is in store for markets if it mean slower, short-term growth? can i help you? i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to get a holiday deal is to camp out. you know we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiday stress. save on ground at fedex of. >>> shinzo abe wastes no time on calling on the bank of japan to ease interest rates. >>> get a little, give a little. reports say john boehner may be willing to raise the tax rates on the rich if president obama raises the cuts. >>> and corporate news weighs on sentiment in europe. kpn shares fall as the dutch telecom group scraps the divide dividend. >>> okay. we're into new trading week here. the xetra dax and the french mark
an eye on it, it is falling a little bit. 1.95% after a soft set of uk retail sales figures. spain, italy, moving higher, but not too much of a move there. 5.3%. and 4.4 for italy. now, forex rates, the euro/dollar and the yen has been in focus still in the last several trading sessions and that continues today. 1.3230 is the level. the yen, though, is giving back about .5% after the bank of japan's quantitative easing plans, pretty much flecting a buy the rumor, sell the fact move. now, house republicans plan to bring their tax bill to a floor vote today. this as tensions over the white house over the fiscal cliff have started to rise. it's unclear what the bill, known as plan b, will look like. house speaker john boehner has reportedly added spending cuts to convince members it will be worth the vote. president obama has threatened to veto the bill. the president says he's puzzled by what's holding up budget talkes and that house republicans should stop trying to score a point against him. >> take the deal. you know, they will be able to claim that they have worked with me over the last
school of notre dame was influential. we know it innewsed music across europe, spain and italy. >> but you have no idea how delighted quazi moto was. the bell told to mark the hours of the day as it told to mark the liberation of the city in 1944. >> in front of notre dame and even in one of the towers of the famous cathedral, the nazis have established fire. >> we traveled west of paris to normandy to this village, to one of three bell foundrys still in operation. here they are casting the eight new bells to hang in the to your. >> the original bells were seized during the revolution and melted to cannon balls. they are recasting them in copper and continue using molds fashioned from horse hair and ma nuria. >> as we don't want them to make them twice, we will make them higher in tune. and we will take the met a aloff inside to get it perfectly calibrated. >> once tuned, they will toll for the first time in march on palm sunday. right now it is the christmas nativity scene that draws the crowds with two million people expected in december. always an attraction. though it's the
's the bund or even yields in spain are falling as prices rise a little bit. so there is light at the end of the tunnel according to our next guest. he says the global economy is close to reaching its weakest point before recovery sets in. he's robert cohen, chief equity strategist. woke. >> good morning. >> we just heard rob doddson talking through some of these results. unfortunately, we saw some signs of weaker demand, especially global demand in these reports. but perhaps what is consistent with what you're saying, why is it your view that that is going to happen? >> sometimes you need to pull away. you move away from the fundamentals a little bit on the month to month improvements. if you look at 2013 as a whole, the big headwinds you've had in a number of years, fiscal austerity is largely the sarp in europe year on year. 2014, that comes up quite quickly. 2013 is largely going to be the final year of the crushing deleveraging if you like on the european banks. so essentially the whole theme of the aurm is 2014 should credibly be the first recovery year we've been in years. >> 2013?
things that are important until they're not. we were terrified that spain and italy couldn't pay their bills. we knew these companies could not bring down taxes. it turns out that we were afraid that these bonds were bringing the whole world down and we should have been buying them. the europeans offered sensible plans and responsible governments stepped up to increase taxes and cut benefits. if you had been able to borrow a ton of money to buy them it would have doubled. it may have been the single best investment of the 21st century to date. we are gripped by a similar hysteria about our own country. the fiscal cliff is like what they had in europe. we need to look for companies being obliterated by the cliff. banco santander was perceived to be the biggest loser. but it turned out to be an amazing trade. the stock traveled to $7.72. i don't think it's done. charitable trust is buying a major midwestern lender. stock has been sliding every day. key is now under $8 and i can tell from the trading in the name it is not going to happen just yet. there are sellers everywhere. the o
, which the germans said they should do, they should have done three years ago they'd be better off. spain is the immediate problem, you have 26% unemployment which is non-performing loans. >> we have to go, 2,200 pages of health care, i'm sure the notes spain's taken how greece has got money at every turn, their pile is a bigger pile than the health care plan. >> i could listen to you guys talk all day long. that was a great conversation. yra, rick, thanks so much. see you in a bit. >>> zynga stock popping. julia boorstin is live in l.a. with more. >> good morning to you, carl. this is the first of many steps before zynga can make money from online gambling. applying for a real money gaming license in nevada is a sign of zynga's seriousness creating new revenue streams. it sent it up as much as 9% higher today. the company warns it will take as much as a year and a half to get approval in nevada but the biggest step of all is a change in federal law, and if online gambling does become legal nationwide, zynga is sure to face some big competition from the casinos. zynga is struggling to sel
. and what happened in benghazi, you know, it was called the ton spain yus mob. what was it, didn't want it call it terror, insane. >> it is insane. any advice from our audience how do we deal with intolerance from the left. >> well, you know, there's a book out there. (laughter) >> and it's going to be on tour next week, oklahoma and louisiana. and fake outrage is usually done by someone, ignore them, they're not worth your time. if they don't go away, mock them and use them against them. if someone calls you a bigot, you know, you're projecting your ownism is why you're calling me a bigot. and that will make their head explode and then you can laugh and dance around them. >> the book is called "the joy of hate" and the studio audience is going to be happy, a copy of greg gut held's book. >> wait a minute, they have to pay for it. >> no. and gabby douglas, a business manner trying to create jobs and prime minister's trying the dream into a nightmare. i'd like to hear from you, go to my website, and the lead fooeb section and sign up for my textbook page and follow me on twitter. you ca
and spain and everywhere else that happens to be in deficit. the reason is, the federal- state, especially after 1929 plays the role of the regulator of surplus and deficit recycling around the land. let me give you a simple example. we are in seattle. boeing is sponsoring the lectures. when boeing goes to washington to give a contract for the next generation jet or whatever, they may get it. they do get it. but there are some things attached. like for instance, we want a factory that builds the wings are the engines in tennessee or missouri or arizona. in the deficit regions. this is not philanthropy. this is an act of recycling surplus so the surpluses of the surplus state can continue to be created, produced. you may recall that in the 1920s, internationally, we had a gold standard. fixed exchange rates. it is like having a single economy. -- a single currency. that gold standard creates a a degree of growth, together with the emergence of state corporations like edison that allows the bankers to run riot, and to reach far too much into the future to bring value to the peasant and to re
the law expected to be challenged in a constitutional court. in spain in 2010 the catalonia and assembly narrowly rejected a proposed ban on a burke got in all public places reversing an earlier vote. similar laws are in progress in italy as well. in switzerland after a campaign designed to appeal to fears of a muslim takeover, a popular referendum voted by 57% to ban the construction of minarets associated with mosques, despite the fact that very few mosques in switzerland actually have minarets, there are only four minarets and the whole country on of 150 mosques and in consequence the architectural issue is clearly symbolic. in july of 2011, terror struck northern europe. murdered approximately 76 people in twin attacks bombing barbara and -- government buildings and shooting young representatives of the labor party who had gathered on the island for a youth camp. he confessed to the crimes but claims that he is not at fault, at least on the day of the attacks, 1500 page manifesto in which he outlined a series -- a theory supporting his actions based on the idea that europe must fight
] how can power consumption in china, impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. with investment information, risks, fees and expenses try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. wanted to provide better employee benefits while balancing the company's bottom line, their very first word was... [ to the tune of "lullaby and good night" ] ♪ af-lac ♪ aflac [ male announcer ] find out more at... [ duck ]
that slavery was less expensive than these new forms? brazil, u.s., britain, france, spain. >> a very interesting question. i think my first response would be to say i'm not sure so much that all forms of slavery disappeared as so much evolved in transition. obviously, there were laws passed that made a certain thing illegal. from a paper law stand point certain things disappeared. but the case of bonded labor it showed that things did not disappear but adapt to a different set of laws and climate. then evolved around those hurdles to continue to effect the same kind of mode of exi ployation. as to whether f there was a point in the past where producers were faced with a scenario where one set of nonslave-like labor bake more economic efficient there are certainly few instances. i think the historians here would probably have those more in their head than i do. particularly in case where is laws with penalties were perceived to be enforced. then the perception is that form of exploitation is no longer beneficial. we either have to evade it and try to do something similar or adopt for
loans were exactly the same at 4% a year in the u.k., spain, and italy. today the four rates are very different. ours has fallen markedly. rates have come in a great deal. i was -- that was the first pillar. the second is that policy would provide the vehicle for accommodating the stimulus to the economy. fiscal policy would be a head wind in terms of the movement of total demand. monetary policy would be accommodative and more importantly, would accommodate the sharp fall in the sterling exchange rate which had taken place between the end of 2007 and the beginning of 2009. that was a 25% fall in the average effective exchange rates of sterling against other currencies. the biggest since the second world war. and the monetary policy was to make sure that that gain in competitiveness was retained by ensuring that domestically generated inflation would remain stable. these pillars were thought to be consistent with the gradual recovery of the economy. what happened was we did not get a gradual recovery. we saw output being broadly flat over the past 2.5 years. it has been a zigzag patte
production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. we wrap it up with best advice. >> the best advice from singer/songwriter/american idol contestant adam lambert. >> the best advice i got, keep your eye on the prize. don't let anything distract you. you have a goal, take a risk and go after it. and don't let anything slow you down. don't let anything compromise that journey. head straight toward the goal. >> always bring your eye liner. >> yes. clearly. >> a lot of advice in that clip. >> and a lot of eye liner. >> he wears it well. >> that is all for "early start." i'm john berman. >> i'm zoraida sambolin. "starting point" starts right now. -- captions by vitac -- www.vitac.com
's going to be a lot of protests in spain, for example, today. foreign exchange, if we look at the dollar/yen, we look how quantitative easing is going to be a much more enhanced program in japan after the elections. you can clearly see how the dollar has performed quite admirably against that weakening of the currency issue on quantitative easing. remember, for an export economy, this is not something they're so upset about. last, but not least, even our weakened partner in europe, we just discussed, look how the euro versus the dollar is at some of the best levels we've seen since early may. something to pay attention to. we also had empire index on the weak side. and minus 56 billion on october treasury, international capital flows. that's the weakest level since the summer of 2011. now we're going to go to david faber who's talking about a sprint clear wire deal. how clear is it, david? >> we did get the deal itself, rick santelli. thank you very much. after a couple of months of which we've been talking about this. if you recall, back on october 10th, we got the deal this morning in
, but which is what is going on in greece and spain and portugal. it leads to these unemployment rates of 20% in some of these countries. host: mr. bivens? guest: that is not what caused the debt in those countries. spain had a lower gdp debt ratio than we did. i think it shows they do not have an independent monetary policy. they cannot have an independent central bank that just prints money the way that we do. i think it is the un-wisdom of the currency union. there is no evidence that countries with bigger welfare states are in bigger trouble. with the previous caller, i totally agree. the skills of workers more unemployed is not much of to an employers. if there is was this unmet demand for skilled workers out there and employees had openings but there were not the right people, you would see wages spiking in all sorts of occupations. i do not see wages spiking in any sector of the economy right now. the idea that there is this diagnosis that, it is too bad you people are not employed, you people do not have the right skills, there is no evidence that is going on. host: jim on the republ
on with the same-sex marriage, and scandinavia and holland and spain, the age of content -- consent is 12. do we want 12 year-old in some cases marion adults? host: we will leave it there. inauguration day is set for january. "the washington post" looks at funding. one more call from maine, this is michael on the republican line. caller: i wanted to bring to light that the separation of church and state is people bring up, it is far-fetched. the state of our country is wrapped up in everything we do. the constitution was set up to give guidelines for the with the country should be run. up until recent times of enter history, kids in school still did the pledge of allegiance, which we cannot do any more. it is not accepted. i think the federal court should tackle the gay rights issue. when you do this, you have a generational gap. there will be people growing up in households where they know nothing different from two moms or two that's it. it would just be normal. -- two das. it is not something i believe in. my wife believes in it. that is a touchy subject for us. they cannot produce children.
unbelievable. >>> a bizarre arrest in barcelona, spain ended with a woman having her breast implants removed with 3 pounds of cocaine inside them. the woman was bleeding from her chest. she claimed she got breast implant surgery and noticed a white foreign material. they took her to the hospital, and what they found was two bags containing cocaine. authorities say it was worth more than $100,000 worth of cocaine on the street. >>> investigators looking into the plane crash that killed mexican-american star jenni rivera say it could take up to a year to find out what caused that plane to nosedive from 28,000 feet. we have learned new troubling details about the owner of the plane. >> reporter: she says she's convinced the airplane her son was flying was in good shape. it was in excellent condition she says. there was no malfunction. alvarez is the mother of the 20-year-old who was the co-pilot of this learjet that crashed in northern mexico killing singer jenny ri rivera. the piloted was 78 years old, according to his passport found at the crash scene. according to court documents obtained by
this fiscal fundamentalism that has been practiced in greece, spain, portugal, right now, with massive cuts will be good for the u.s. economy, they are sadly mistaken. $300 billion, that could spike unemployment in the teens. that kind of recession would not be one from which the economy could easily read resurrect consumer spending. host: ed is on the line. caller: how are you? observing the president over the past four years, it seems he is delivering on what he promised, which is he was coined to fundamentally change america. through these economic policies of the spending program, the growing dependency on government by not only individuals but corporations, it seems he is getting what he wants. it seems to me that going over the clip will just be another blow to the u.s. economy, which will help his political position. it seems the dependency -- it seems dependency has been the game. americans have to rely more on the political class to save them more dependent they become one government. it is frightening. the president is going to fundamentally change america. he is delivering on its
%. what we saw was the recession expanding. spain, italy, the uk, all found austerity taking its toll even more as unemployment continued to rise in some of those countries. even the large country, the economic powerhouse germany found its slelf slowing down. the root cause of it all was the inability of the european governments to come to policies to get growth started again. towards the middle and end of the year they did, but the tale was style there. very much austerity again and again. perhaps if there was only one change that took place as we moved into the fall and into the winter. it was the realization that most of these countries could take no more austerity. social welfare having been cut, health care cut, unemployment, growth virtually nonexistent. now the talk is not of more austerity, but how to get growth started again across the contine continent. suzanne. >> thank you, richard. >>> christmas, of course, is a time of giving, but there are many struggling families in boston that couldn't aafford to get their children he anything. this year for almost six decades help kamt no
there are in europe and portugal and spain and everywhere else that happens to be in deficit. the reason is, the federal- state, especially after 1929 plays the role of the regulator of surplus and deficit recycling around the land. let me give you a simple example. we are in seattle. boeing is sponsoring the lectures. when boeing goes to washington to give a contract for the next generation jet or whatever, they may get it. they do get it. but there are some things attached. like for instance, we want a factory that builds the wings are the engines in tennessee or missouri or arizona. in the deficit regions. this is not philanthropy. this is an act of recycling surplus so the surpluses of the surplus state can continue to be created, produced. you may recall that in the 1920s, internationally, we had a gold standard. fixed exchange rates. it is like having a single economy. that gold standard creates a a degree of growth, together with the emergence of state corporations like edison that allows the bankers to run riot, to bring value to the peasant and to recycle. and that is what led to t
fight in spain. the traditional battle with flour, eggs and fireworks is a yearly event in the town. people dress in silly, military style costumes, and then take overpower in the town until sunset. the celebration marks the day of the innocence which is described as their april fool's day. whatever makes you happy. >>> one of the best rivalries in college sports will take place in stanford. the women's team will tip off against the huskies. both go in undefeated. the women have an 82 straight win streak there. >> stanford is going to have plenty of report on new year's day. 38, 9oo fans bought tickets while only 16, 5hundred went to wisconsin fans. its been 13 years since stanford appears at the bowl. yesterday stanford practiced at the home depot center. >>> preparations are underway for the 124th rose parade. volunteers busy putting on the final touches on all the floats, this year's theme, the places you will go. inspired by dr. suess. dogs will be a big part of the parade. people won't be able to steak out spots until noon on monday. more than 700,000 people are expected to at
[indiscernible] $750 billion came through and it was more aggressively priced than italy, spain, and portugal. that is where you create economic prosperity. the agencies are doing fantastic stuff but it will not create what we need on that continent. the marginal interventions are not going to create economic growth. we know how to create jobs, so instead of having large subsidy programs, start there. get rid of those programs and we can talk about economic growth. >> you can understand why they are the most prominent voices in the business. >> a look at social media and on line speech. this is half an hour. >> we are going to shift gears a bit. i took my tie off the war earlier this morning. first, there is wifi here. you should log on to the nyu guest account. user name is guest131. password is right there for you. we will talk about the use of social media. it has been on everyone's lips the last couple of years. we have wonderful guests that are known for their engagement with their audience. i predict we are going to hear a little bit of criticism and push back on some of the wisdom of s
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